SumDay
Thinks s/he gets paid by the post
- Joined
- Aug 9, 2012
- Messages
- 1,862
Not much new here, I know, but I tend to stop and read it anyway if it's in the Wall Street Journal, so thought I'd share:
Expecting the Unexpected When - WSJ.com
Expecting the Unexpected When - WSJ.com
Fidelity Investments estimated that a 65-year-old couple retiring in 2012 would need $240,000 in savings to pay for out-of-pocket health-care costs. That estimate excludes long-term care, which can cause overall costs to surge even further: The median annual cost of private-room nursing-home care in the U.S. is $83,950, up 13% from 2009, according to Genworth's GNW +0.70%2013 Cost of Care Survey. And if an emergency creates a need for help at home, then "it's scary how big the numbers can get," said Lisa Chapman, wealth adviser in Long Beach, Calif. at UBS UBSN.VX +6.94%Wealth Management Americas. Round-the-clock skilled nursing care in the home can run as much as $10,000 a week.